Monetary Board News Today

Prices of key consumer products continue to rise in May as inflation increased to 3.9 percent from 3.8 percent the previous month, data from the Philippine...

FILIPINOS looking for better interest rates at which to borrow may have to wait longer before the Bangko Sentral ng Pilipinas (BSP) brings down rates by over 100 basis points (bps). Finance Secretary Ralph G. Recto earlier expressed confidence that the Monetary Board could reduce key policy rates by 150…

The Bangko Sentral ng Pilipinas has reminded members of the Monetary Board and other central bank officials to not give any information or forward guidance on monetary policy seven days before a scheduled policy review.

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Our chat groups and timelines have been buzzing for several weeks now because of the issue of ghost employees now hounding the Bangko Sentral ng Pilipinas.

The national government will attempt to borrow P180 billion from the domestic debt market in June, lower by P30 billion than the P210 billion programmed for May. The Bureau of the Treasury (BTr) will hold an auction to raise P180 billion through the sale of Treasury bonds (T-bonds) and another…

(1st UPDATE) Several ghost employees quit amid the scandal. The BSP, however, refuses to comment on the fate of Monetary Board members allegedly tangled in the 'unprecedented' irregularities.

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A SCANDAL involving ghost employees at the Philippine central bank threatens to shake up the monetary authority at a time when policy decisions are crucial amid elevated inflation and a weak currency.

Faced with allegations of payroll discrepancies, BSP authorities launched an investigation